Treasurer's Report 
     
    
   
   
    
     CASH_FLOW 0F UPEI SU EOR' 
     
    
   
   
    
     _MARCH 1973 
     
     EXPENSES 
     
    

    
     BARN NIL 
     
     CADRE 321.24 
     
    
   
   
    
     DAYCARE NIL 
     
     DONATIONS 50.00 
     
     EXECUTIVE 791.25 
     
    
   
   
    
     FILM 301.85 
     
     INT.&BK.CH. 32.80 
     
     MISC. 373.80 
     
     OFFICE 168.19 
     
     PANTHER NIL 
     
     PHOTO 191.96 
     
     RADIO 363.66 
     
    

    
     ~ SOCIAL 1,003.00 
     
     YEARBQOK .98 
     
     '75 NIL 
     
     '74 . NIL 
     
     '73 200.00 
     
     SALARIES 1,225.00 
     
     I/T 53.73 
     
     LAST YEAR 448.99 ** 
     
    

    
     5,526.45 
     
    
   
   
    
     Payment made after audit 
     
     cut-off.** 
     
    
   
   
    
     - RECEIPTS 
     
     BARN' 188.26 
     
     CADRE V NIL 
     
    
   
   
    
     DAYCARE 1,374.65 * 
     
     DONATIONS NIL 
     
     EXECUTIVE NIL 
     
     FILM NIL 
     
     509.16 
     
    
   
   
    
     PANTHER 
     
    
   
   
    
       
     
    
   
   
    
       
     
    
   
   
    
       
     
    
   
   
    
       
     
    
   
   
    
       
     
    
   
   
    
         
     
    
   
   
    
     snap a 
     
     _ SPORT LODGE Ltd. 
     
    
   
   
    
     63 UNIVERSITY AVE. 
     
    
   
   
    
     BIKE 
     
     The Bicycle Headhuarters 
     
    
   
   
    
     Bicycles : Sales & Service 
     
    
   
   
    
     1—3—5 & 10 speed models 
     
    
   
   
    
     I'Scc Them New 
     
    
   
   
    
     YEARBOOK 
     
     '75 186.90 
     
     '74 242.00 
     
    
   
   
    
     2,500.97 
     
    
   
   
    
     *Money received from Prov. 
     
     Govt. as part payment of 
     
     salaries-not yet paid out. 
     
    
   
   
    
     Mike Duffy 
     
    
   
   
    
     THE CADRE, APRIL 18,.page 7 
     
     POLICY REMINDER 
     
    
   
   
    
     To"one of the very concerned 
     
     students." your article is 
     
     not here reproduced due to 
     
     our policy ("Cadre Manifesto' 
     
     Apr. 3, p.3) which states 
     
     "..§Q article will be given 
     
     any consideration by he who 
     
     has not the courage of his 
     
     convictions." 
     
    
   
   
    
     Editor 
     
    
   
   
    
       
     
    
   
   
    
     UPEI S.U. Finances 
     
    
   
   
    
       
     
    
   
   
    
     Mr. P. Duffy - Past Pres- 
     
     ident of the S.U. and Mr. 
     
    

    
     L. McCardle Past Treasurer 
     
     of the S.U. made thier final 
     
     appearance before the stu- 
     
     dents to present a wrap-up 
     
     of what happened here in the 
     
     last year. , 
     
    

    
     The Auditor's statement was 
     
     very interesting and for 
     
     those not having the time to 
     
     wade through all the numb- 
     
     ers,here is a summary of it 
     
     all" ‘ 
     
    
   
   
    
     As of Feb. 28/73 
     
     we had: $3,960 in cash 
     
    

    
     500 in saleable 
     
     goods on hand (liquor) 
     
     people owed us $12,475 
     
     we also owned property val- 
     
     Business Manager and Len 
     
     McCardle (Past Treasurer) 
     
     the situation is being met 
     
     by holding off payment of 
     
     $8,000 to UPEI and a loan 
     
     from the bank. - 
     
    

    
     The question that is upper- 
     
     most in my mind is: last 
     
     year at this time we had an 
     
     excess of bills over money 
     
     to pay the bills with of 
     
     $11,000 and this year it is 
     
     $30,000. will we be $50,000 
     
     short next year? This is the 
     
     problem that your new treas- 
     
     urer, Mr. Mike Duffy is 
     
     wrestling with at present. 
     
    

    
     A bright note in all this is 
     
     that the S.U. showed a profit 
     
     of $7,000. however. improve- 
     
    
   
   
    
         
     
    
   
   
    
       
     
        
     
    
   
   
    
        
     
    
   
   
    
         
     
    
   
   
    
     ‘fbrzashL 
     
    
   
   
    
        
     
       
     
    
   
   
    
     C.C.M. & PEUGEOT 
     
    
   
   
    
       
     
       
     
           
     
         
     
    
   
   
    
     ments to the Radio Station 
     
     and the S.U. Offices cost 
     
     $12,000 and that took care 
     
     ued at $169,953 
     
    

    
     we owed $28,004 to others 
     
     and $19,380 to UPEI all to 
     
     be paid this year. we also 
     
     owe $16,645 to be paid next 
     
     year to UPEI. 
     
    

    
     These figures are interest- 
     
     ing in that last year on 
     
     Feb. 28/72 we had $23,082 in 
     
     cash and people owed us , 
     
     $7,036 which means that in 
     
     comparison the S.U. is in 
     
     much poorer financial shape. 
     
     Mr. McCardle states that 
     
     everything is under control 
     
     however, can everything be 
     
     rosy when you owe $30,000 
     
     more than you have. This is 
     
     what it all boils doen to. 
     
     According to J.T. Place, 
     
     of the profit and then some. 
     
    

    
     I wouldn't be too surpri- 
     
     sed to see some cutbacks in 
     
     some areas, although it is 
     
     hard to imagine where. It 
     
     did not appear that things 
     
     were very tight moneywise 
     
     when Miss D. MacDonald 
     
     (President S.U.) obtained 
     
     a summer extra salary of 
     
     $1,200 and Mr. Mike Duffy 
     
     a summer salary of $400. 
     
     on top of their salaries 
     
     of $1,000 and $800 res- 
     
     pectively. This doesn't 
     
     include the tuition that 
     
     will be paid for all ex- 
     
     ecutive members who remain 
     
     for the summer. 
     
    
   
   
    
     KJM 
     
    
   
   
    
       
     
    
   
   
    
     YOURCHHUC RflflTQUE 
     
    
   
   
    
     IMPERIAL OPTICAL Co. Ltd. 
     
    
   
   
    
     Prescriptions Filled 
     
    
   
   
    
       
     
    
   
   
    
     137 KENT ST. 
     
    
   
   
    
     (nuuuumwzrowu 
     
    
   
   
    
     .mquirs 
     
    
   
   
    
     Cusamzirumes